Europe & UK

Europe & UK

German carmaker Opel to be 100 per cent electric in Europe by 2028: CEO

July 9, 2021 Anand Gupta

Opel is owned by European carmaker Stellantis, which was born out of the merger this year of Peugeot-Citroen and Fiat Chrysler. German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in Europe by 2028, one of the most ambitious greening targets in the accelerating shift to electric vehicles. Carmakers […]

Europe & UK

German Renewables Firm Blue Elephant Gets New Investor, Scraps IPO

July 8, 2021 Anand Gupta

FRANKFURT : Blue Elephant Energy has secured a 75 million euro ($89 million) equity investment from Germany’s billionaire Struengmann family and scrapped plans for an initial public offering (IPO), the renewable energy company said on Wednesday. Athos, the Struengmann family vehicle that also has a majority stake in COVID-19 vaccine maker BioNTech (22UAy.DE), will receive […]

Europe & UK

Spain Aims to Install 1-3 GW of Floating Wind Turbines by 2030

July 8, 2021 Anand Gupta

As part of a global shift away from carbon-emitting fossil fuels, governments and companies are seeking new ways to harness power generation from renewable energies like wind and solar. MADRID : Spain plans to install floating wind turbines on the deep waters off its coasts with capacity to generate between 1 and 3 gigawatts of […]

Europe & UK

EU bets on energy savings, greener buildings to meet climate target

July 8, 2021 Anand Gupta

Buildings produce more than a third of EU CO2 emissions and account for 40% of the bloc’s energy consumption BRUSSELS : The European Union will require countries to renovate energy-guzzling buildings faster and meet tougher targets to save energy as part of its drive to meet climate change goals, according to a draft document seen […]

Europe & UK

Terna to Invest $21 Billion in Italian Grid For Energy Transition

July 7, 2021 Anand Gupta

MILAN : Italy’s Terna (TRN.MI) has pledged to invest a record 18.1 billion euros ($21 billion) in the country’s power grid over the next 10 years to meet the demands of the energy transition and economic recovery. Terna, one of Europe’s biggest power grid players, said the projects in the new long-term development plan for […]

Europe & UK

Solarwatt Flexes Muscles in Home Energy Storage Fight With Shell, Tesla

July 7, 2021 Anand Gupta

FRANKFURT : Germany’s Solarwatt, backed by BMW’s billionaire shareholder Stefan Quandt, plans to launch a small module that lets homeowners link rooftop solar panels to power storage batteries and electric vehicles to cut costs. The wallbox allows home owners to control when and how much home-produced photovoltaics (PV) power they store, use to charge their […]

RISEN-PV-Modules-operation-a-500-MW-Solar-Park-India

Europe & UK

Sweden’s EQT Fund Buys U.S.-Based Cypress Creek Renewables

July 5, 2021 Anand Gupta

Stockholm-based private equity firm EQT is acquiring Cypress Creek Renewables of Santa Monica, California, from HPS Investment Partners LLC and Temasek for an undisclosed price. Cypress Creek Renewables offers services across utility-scale and distributed solar and storage across 25 states in the U.S. and has approximately 300 employees, EQT said in a statement. The transaction […]

Europe & UK

Spain’s Carbon Emissions Fell Below 1990 Levels For The First Time in 2020

July 2, 2021 Anand Gupta

Spain’s carbon emissions fell below 1990 levels last year, helped by more renewable energy, a drop in coal-fired power and an economy slowed by the pandemic, a statement released by the environment ministry said on Thursday. Carbon emissions fell 13.7% in Spain in 2020 from 2019 levels to 272 million tons, about 6.4% less than […]

Meyer Burger concludes divestment of wafer business to Precision Surfacing Solutions

Europe & UK

Meyer Burger Successfully Raises CHF 80 Million From the Private Placement of New Shares And EUR 145 Million From the Private Placement of Green Convertible Bonds

July 1, 2021 Anand Gupta

Meyer Burger Technology Ltd (SIX: MBTN, “Meyer Burger” or the “Company”) today announces that it has successfully raised CHF 80 million through the placement of 155,339,805 newly issued registered shares with a nominal value of CHF 0.05 per share (the “New Shares”), by way of an accelerated bookbuilding. Additionally, Meyer Burger’s German subsidiary MBT Systems […]

Reiner Lemoine research center Thalheim, exterior view

Europe & UK

Q Cells Raises Investments in R&D of N-Type TOPCon Cells

July 1, 2021 Anand Gupta

Various energy news outlets have reported that South Korean PV cell manufacturer Hanwha Q Cells will be investing 15.5 million euros into its technology and innovation center in Thalheim, Germany. The additional investment will be used to develop technologies related to N-type cells and next-generation modules. It is on top of the 20 million euros […]